Market Overview

Virgin Galactic Signs Space Act Agreement with NASA for Private Orbital Spaceflight to the International Space Station (ISS)

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Increases Commercial Participation in Human Spaceflight to ISS to Advance LEO Economy

Virgin Galactic Holdings, Inc. (NYSE:SPCE) ("Virgin Galactic" or "the Company"), a vertically integrated aerospace company, announced today the signing of a Space Act Agreement with NASA's Johnson Space Center to encourage commercial participation in orbital human spaceflight to the International Space Station ("ISS") while enabling the development of a robust economy in Low Earth Orbit.

Under the agreement, Virgin Galactic will develop a new private orbital astronaut readiness program. This program will include identifying candidates interested in purchasing private astronaut missions to the ISS, the procurement of transportation to the ISS, on-orbit resources, and ground resources. Supporting and coordinating the use of ISS resources will be an important point of integration required for each private astronaut mission. The next generation of space traveler is interested in a variety of space experiences. Building on its commercial spaceflight training experience, Virgin Galactic believes it can provide an unparalleled, personalized customer experience for orbital space travel.

NASA is seeing greater demand for use of the ISS for scientific and technological research and development, commercial activity, and international collaboration. Private astronaut experiences could range from private citizen expeditions to government-enabled scientific research missions.

As part of this partnership, NASA will leverage Virgin Galactic's commercial expertise and industry knowledge. Virgin Galactic will also contribute end-to-end program management and integrated astronaut training packages for private passengers, tailored to meet the needs for a commercial orbital space flight experience. The partnership also serves as a pathfinder for the ISS National Laboratory by demonstrating additional involvement by the commercial sector in human spaceflight, and may lead to commercial participants conducting research and other commercial activities aboard the ISS.

Virgin Galactic has already developed a customized Future Astronaut Readiness program for its customers flying out of Spaceport America in New Mexico. Virgin Galactic's existing space experiences could play an important role in the training for orbital travel, allowing passengers to become familiar with the environment in space, such as G-forces and zero-G. Spaceport America, Virgin Galactic's home base, will be utilized for some elements of the training program, using the facilities designed for private astronaut training.

George Whitesides, CEO of Virgin Galactic said "We are excited to partner with NASA on this private orbital spaceflight program, which will not only allow us to use our spaceflight platform, but also offer our space training infrastructure to NASA and other agencies. Based on the unsurpassed levels of spaceflight customer commitments we have secured to date, we are proud to share that insight in helping to grow another market for the new space economy. We want to bring the planetary perspective to many thousands of people."

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https://www.image.net/virgingalactic

About Virgin Galactic

Virgin Galactic is a vertically-integrated aerospace company, pioneering human spaceflight for private individuals and researchers, as well as a manufacturer of advanced air and space vehicles. Using its proprietary and reusable technologies and supported by a distinctive, Virgin-branded customer experience, it is developing a spaceflight system designed to offer customers a unique, multi-day, transformative experience. This culminates in a spaceflight that includes views of Earth from space and several minutes of weightlessness that will launch from Spaceport America, New Mexico. Virgin Galactic and The Spaceship Company believe that one of the most exciting and significant opportunities of our time lies in the commercial exploration of space and the development of technology that will change the way we travel across the globe in the future. Together we are opening access to space to change the world for good.

Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of federal securities laws with respect to Virgin Galactic Holdings, Inc. (the "Company"), including statements regarding the Company's spaceflight systems, markets and expected performance. These forward-looking statements generally are identified by words such as "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," "future," "opportunity," "plan," "may," "should," "will," "would," and similar expressions. Forward looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this presentation, including but not limited to the factors, risks and uncertainties regarding the Company's business described in the documents filed by the Company from time to time with the Securities and Exchange Commission (the "SEC"). These filings identify and address other important risks and uncertainties that could cause the Company's actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and, except as required by law, the Company assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.

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